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LONDON - Seeing Machines Limited (AIM:SEE) has secured a new contract with a Japanese automaker and expanded its business with an existing European automotive customer, according to a press release statement issued Wednesday.
The advanced computer vision technology company will deliver a program for a Japanese OEM through Mitsubishi Electric Mobility Corporation (MELMB), with production scheduled to begin in 2028. The initial value of this contract is $1.6 million.
Simultaneously, Seeing Machines is expanding its relationship with an existing European Tier 1 supplier and OEM customer. The company will continue deploying its Driver Monitoring System (DMS) technology to support the Tier 1’s enhanced interior perception system as the OEM launches semi-automation functionality. This additional business has an initial lifetime value of approximately $10 million, with production expected to commence in 2028 and continue through 2031.
These new awards bring the total cumulative initial lifetime value of all Seeing Machines’ automotive programs to date to over $400 million, with the majority expected to be received by 2028.
Paul McGlone, CEO of Seeing Machines, described the Japanese contract as "an important milestone for our operations in the region" and expressed satisfaction with extending the company’s scope with the European customer.
The company noted that over 4 million vehicles equipped with its technology are currently on the road, as reported at the end of Q1 FY2026. As the July 2026 deadline for camera-based DMS in Europe approaches, Seeing Machines anticipates that many current automotive programs will be extended and potentially expanded to incorporate additional features.
Seeing Machines designs AI-powered operator monitoring systems aimed at improving transport safety.
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